Posted on 12/04/2013 12:22:18 PM PST by GilGil
He is spearheading a bill in Congress called The Inform Act. It is an attempt to wake up the nation to our dire financial situation so something can be done to fix this enormous problem. Dr. Kotlikoff explains, “The bill has been endorsed by over 1,000 economists, including 15 Nobel Prize winners in economics . . .Never in the history of this country have this many top economists from all political persuasions endorsed a piece of legislation like this.” Dr. Kotlikoff and his fellow economists all contend, “The country needs to do honest accounting.”
(Excerpt) Read more at usawatchdog.com ...
America in Worse Fiscal Shape than Detroit-Professor Laurence Kotlikoff
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Heh. The prof could be right, who knows? For sure the country is being run in a Detroit like manner. It’s just a matter of time before the USA files for bankruptcy.
Wish I could agree on your assessment but until the POS is GONE (however is irrelevant to me) then America will continue to spiral downward.
The Chinese will love this. They get 10 cents on the dollar.
Detroit has hit the bottom and has nowhere to go but up.
Obama is still dragging the USA deeper into the abyss every day.
Why start now? Well, better late than never.
Oh, Professor, you’d better introduce The Lockup All Democrat Politicians Bill, first. Harry Reid knows how bad it is. Nancy Pelosi knows how bad it is. They just don’t care.
Obamacare is his Waterloo. Obamqcare won’t succeed on so many levels because it simply is a fantasy. Time needs to go by and the rest takes care of itself.
I suspect they will send the repo man (aka the Red Army).
The USA will NEVER file for bankruptcy....We’ll inflate the currency and pay the bills..( Just like every “fiat money system” that ever existed)...The problem will be.....A dollar wont be worth a penny when were all paid up!
That’s the value or curse of “fiat currency”...Always has been...always will be!
http://www.321gold.com/fed/greenspan/1966.html
Their ‘solution’ isn’t to reign in spending, however. It’s to raise taxes enormously.
BOHICA.
Yup!....lol...as long as we're the superior military power!....BUT!...When we lose that...they will come and TAKE $10 for every $1 we owe them!....What are we gonna do about it then????
Give them all the Democrats they can carry, and make them fight for anything else.
Whatever Obama touches turns into destruction. He uses hypnosis of the masses to get his way but with a very, very heavy price. He pays for it in failure. Everything he touches turns to failure. He has no ability to make anything successful.
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